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Monday, June 18, 2018

why is gold the standard of money






Most times the origin of money dates man himself and is very important source of exchange. For the very many, money is the name of the game...........and not excluded entirely myself because I still use money as I speak and don't think about it when I need appropriate rest most times.


The gold standard is a monetary system where a country's currency or paper money has a value directly linked to gold. With the gold standard, countries agreed to convert paper money into a fixed amount of gold. A country that uses the gold standard sets a fixed price for gold and buys and sells gold at that price. That fixed price is used to determine the value of the currency. For example, if the U.S. sets the price of gold at $500 an ounce, the value of the dollar would be 1/500th of an ounce of gold.(https://www.investopedia.com/ask/answers/09/gold-standard.asp)

Why gold? The call by many; and could be the cause of control over a lot the owners thereof if it becomes the standard. This is what I mean; several people would become very addicted to money when they want to make money at all cost and can do anything to get money.
Like I said, the reason you loose your sleep most times is the money problem or much of it to control.

TAke my words with a pinch of salt if you want to against what the bible teaches that only christ can give peace, but not in the way the world gives it.

It may suffice to say that. ''without money you can live in Christ a life well pleasing, though not enough"

Without God you can't be satisfied and thus my peace( Jesus') I give to you in the world you will have a lot of trouble and take my yoke upon you, my burden is light an not lighter like you can see I preach because I don't compare what the world gives to what Jesus is giving you.

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